Good News for Lewisham’s Businesses

Research has taken place to determine how our local economies have recovered since the financial crisis in 2007/8. Using data of birth and death rates of UK companies, Pall Mall Estates has generated a ‘survival rate’ showing where in the country businesses have thrived the most.

[Lewisham] ‘placed confidently in the lead as the only location in London demonstrating an improvement on 1-year business survival rates compared to 2005.’

‘In 2015, Lewisham’s 1-year business survival rates were 1% higher than in 2005, placing the borough ahead of Barking & Dagenham and Waltham Forest (with rates equal to 2005’s) as well as Bexley, Lambeth and Sutton (1% below). For comparison, London as a whole remained 9% behind its 2005 rate peak of 95%.’

[Lewisham] … is also being bolstered by initiatives such as the Lewisham Local Card, encouraging local enterprises and volunteers to support each other through targeted discounts that incentivise the use of local outlets over larger chain stores.